BLOOMBERG The super-easy policy of the Bank of Japan (BOJ) has eaten into the yen’s status as a traditional haven for at least the last two years, but the currency reaction to the nation’s New Year earthquake suggests an even deeper issue for the once-favored safe asset. In past years the yen tended to strengthen following news of wars or ...
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Stocks, bonds fall as traders weigh monetary policy view
BLOOMBERG European stocks fell along with bonds as traders weighed the outlook for monetary policy ahead of a raft of speeches by policy makers at the World Economic Forum in Davos this week. The Stoxx Europe 600 index dropped 0.3%, with banks and carmakers leading the decline after data showed Germany’s economy contracted for the first time since the pandemic ...
Read More »Chinese stocks rebound amid easing bets after dismal start to year
BLOOMBERG China stocks rallied on Thursday in what was largely seen by market watchers as a technical rebound amid expectations of policy easing by the central bank. The Hang Seng China Enterprises Index of major mainland companies listed in Hong Kong jumped as much as 2.3% before finishing the day up 1.4% — the most in two weeks. It had ...
Read More »Global stocks edge higher in countdown to US inflation
BLOOMBERG Global stocks rose as investors awaited US inflation data that will help clarify the path for Federal Reserve policy. Europe’s Stoxx 600 index advanced 0.5%, while US equity futures showed the S&P 500 and Nasdaq 100 indexes were set to add to earlier gains. A gauge of Asian stocks rallied as Japanese equities hit a fresh three-decade high. Treasuries ...
Read More »China stock market suffers from lack of positive drivers
BLOOMBERG China’s stock market suffers from a lack of positive drivers as the new year begins, and Beijing’s support efforts are likely to keep falling flat amid persistent risks. Those are the key takeaways from an informal survey of 23 mostly mainland-based analysts and money managers by Bloomberg News. Geopolitical tensions, China deflation and a possible US recession are seen ...
Read More »Stocks, bonds trade in narrow range before key inflation data
BLOOMBERG Stocks and bonds steadied with many investors clinging to sidelines ahead of a key US inflation report. Oil prices fell. US equity futures posted modest gains while Europe’s Stoxx 600 index erased a loss to trade little changed. Brent traded lower near $77 a barrel, reversing an earlier gain following more attacks on vessels in the Red Sea that ...
Read More »Nikkei hits highest since early 1990s in sign deflation ending
BLOOMBERG Japan’s Nikkei 225 Stock Average climbed to its highest since the nation’s bubble economy era more than three decades ago, reflecting investor optimism that growth is returning after the country’s long battle with deflation. The blue-chip gauge rose 1.2% to close at 33,763.18 in Tokyo, a level unseen since March 1990, lifted by a rebound in technology shares and ...
Read More »Stocks, bonds tick lower after tech-led gains fade
BLOOMBERG Stocks and bonds retreated before key inflation readings from the US and China later this week and the earnings season kicks off on Friday. US stock futures dropped with Europe’s Stoxx 600 benchmark as investors shrugged off tech-led gains that rolled across global markets and drove a Japanese gauge to a 34-year high. The Nasdaq 100 jumped the most ...
Read More »Aussie dollar faces inflation test after stellar year-end rally
BLOOMBERG The Australian dollar’s late 2023 rally faces a new hurdle with inflation data expected to strengthen the case for earlier interest-rate cuts by the Reserve Bank. The Aussie jumped nearly 10% against the greenback from late October through December as the RBA sounded hawkish while traders priced Federal Reserve rate cuts this year. The rally may struggle to extend ...
Read More »Stocks, bonds pause after rough week; oil declines
BLOOMBERG Stocks and bonds posted small moves on Monday as investors recalibrated their bets in the wake of last week’s selloff, which saw the steepest loss for the S&P 500 since October. The Stoxx 600 benchmark was little changed along with futures in the US, while Asian markets declined. Boeing Co shares are in focus as groundings of the 737 ...
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